Tax Time: Good Hoboken accountants?

1/20/2009 Bump:

Hoboken411 reader Yelena was curious what other folks in Hoboken do for taxes in town. So saving me the work of writing another post, I decided to bump this one up from last year.

Also – does anyone know of a type of Accountant that works with people that don’t keep very good records? Like a Glad bag filled with receipts?

Any new recommendations?

1/29/2008:

Two things certain in life…

hoboken-taxes-accountants.jpgOne Hoboken411 reader thought now is a perfect time to get this dreaded moment of the year up for discussion. Taxes and Accountants.

She’d like to know everyone’s opinions. One friend of hers has already made a recommendation, but it seemed a little steep for a very basic return.

“A friend recommended Defalco on Washington, you may want to check them out since you have a business. I made an appointment and he charges $500, I’m wondering if he’ll get me more back paying $500. My accountant in Springfield, NJ charged $200, but he seems pretty shady. Though I have gone to him for 3 years now and have had no problems. I’m wondering what $500 gets you! My taxes are very straightforward!”

For one, if you have “very straightforward” taxes, then my recommendation would be to use a program like TurboTax from Intuit. They have free federal basic returns, and state returns cost about $30. If you have many itemized deductions, other more sophisticated versions cost from $30 up to $75 (not including state). I’ve heard it’s very simple, saves your progress, and takes the headaches out of filing a return. Of course, it all depends on how good your record-keeping is, and what kind of return you’re filing. Small business owners and those who make many financial transactions (stocks, real estate, gambling) have it much harder than a straightforward corporate employee.

If you’re looking to “maximize” your refund, and need a crafty person who understands tax loopholes and what the audit risk factors are, then a personal accountant just might be a good choice. I’ve used one for the past few years myself, but he’s not in Hoboken.

Who do you recommend in Hoboken? What about in other areas? What do they charge?

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49 Comments on "Tax Time: Good Hoboken accountants?"

Beejay
Member
Beejay

[quote comment=”143786″]what if you live in NJ but work in NYC but when you traveled on business you flew out of a NYC airport and did no work while on the plane, but did in fact do some work while on said trip in another country, and then flew back into nyc airport but then went directly to nj as it was after business hours. would nj be looking for taxes for THAT day?[/quote]

Any work you can associate with New Jersey saves you money because the NJ rate is less than New York. But you have to document that when doing your New York taxes. I don’t think New York or New Jersey has any basis for questioning any of this, so I think its really based on what is reasonable and how you document it.

Beejay
Member
Beejay

[quote comment=”144048″][quote comment=”143907″][quote comment=”143905″]so does anyone have any ideas? if not, i’ll just try starting from scratch again. maybe i answered one of the questions wrong.[/quote]

splurge on H&R Block

or Jackson Hewett,

or Joe Smoe CPA[/quote]

i’m probably gonna talk to an accountant i know. H&R is a huge waste of cash though.[/quote]
[quote comment=”143905″]so does anyone have any ideas? if not, i’ll just try starting from scratch again. maybe i answered one of the questions wrong.[/quote]

I had the same issue last year. I have not done my taxes this year yet. I was cursing at the computer because it was not giving me the credit for the taxes paid in New York. It was like it thought I earned the same money twice; once in New York and once in New Jersey. I can’t remember how I got it fixed, but remember redoing the New Jersey portion. You would think that turbotax would have this all figured out.

hobores
Member
hobores

[quote comment=”144048″][quote comment=”143907″][quote comment=”143905″]so does anyone have any ideas? if not, i’ll just try starting from scratch again. maybe i answered one of the questions wrong.[/quote]

splurge on H&R Block

or Jackson Hewett,

or Joe Smoe CPA[/quote]

i’m probably gonna talk to an accountant i know. H&R is a huge waste of cash though.[/quote]

Louis Picardo baby! he is the best,not only will he show you how to save on taxes, he can show you how to build a couple new apartments without worrying about zoning board, variances, tax assesments. Guy is a genius!
😆

bradykp
Member
bradykp

[quote comment=”143907″][quote comment=”143905″]so does anyone have any ideas? if not, i’ll just try starting from scratch again. maybe i answered one of the questions wrong.[/quote]

splurge on H&R Block

or Jackson Hewett,

or Joe Smoe CPA[/quote]

i’m probably gonna talk to an accountant i know. H&R is a huge waste of cash though.

ant
Member

[quote comment=”143905″]so does anyone have any ideas? if not, i’ll just try starting from scratch again. maybe i answered one of the questions wrong.[/quote]

splurge on H&R Block

or Jackson Hewett,

or Joe Smoe CPA

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